Prime Highlights:
- Nvidia joins the India Deep Tech Alliance to help strengthen the country’s deep-tech ecosystem.
- The alliance has secured $850 million in new funding to support India’s innovation and technology growth.
Key Facts:
- The alliance was launched in September with an initial $1 billion commitment to back startups in robotics, semiconductors, and space technology.
- New investors include Qualcomm Ventures, InfoEdge Ventures, Chiratae Ventures, Kalaari Capital, and Activate AI.
Background:
In a major boost for India’s innovation ecosystem, U.S. chip giant Nvidia has joined the India Deep Tech Alliance, a growing consortium of investors supporting the country’s research-driven technology startups. The alliance, launched in September with an initial $1 billion commitment, has now added new members and secured another $850 million to support India’s deep-tech startups.
New investors include Qualcomm Ventures, Activate AI, InfoEdge Ventures, Chiratae Ventures, and Kalaari Capital. Their goal is to strengthen India’s role in important fields like robotics, semiconductors, and space technology.
As a founding member, Nvidia will support startups with training and guidance, helping boost local innovation and reduce reliance on foreign tech
The announcement comes shortly after the Indian government unveiled a $12 billion R&D initiative to encourage innovation and high-end manufacturing. Despite rapid growth, deep-tech funding in India rose 78% to $1.6 billion last year, but the segment still represents only about one-fifth of total startup investment, according to data from Nasscom.
Experts believe that the combined effort of global investors, domestic venture capitalists, and government support could transform India into a deep-tech powerhouse. “There’s no better time for India to look at deep tech,” said Riram Viswanathan, founding managing partner at Celesta Capital, one of the alliance’s original backers. Celesta has previously invested in companies like Agnikul Cosmos and IdeaForge, which operate in space and drone technologies.
By bringing together leading investors and experts, the India Deep Tech Alliance aims to strengthen India’s innovation and help the country become more self-reliant in technology and the economy.
